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Neo-Banks Are Experiencing Both Profound Growth and Significant Challenges Share Article Mercator Advisory Group releases new research on the neo-bank market, the threats facing fintechs, and predictions for the future. One of the 2 exhibits included in this research report. The future is uncertain for neo-banks. Powerful new entrants are seeking a share of the neo-bank market. Venmo owned by PayPal is increasingly pursuing banking functions, and Walmart has expressed its intent to expand into the market as well. BOSTON (PRWEB) April 05, 2021 Since their inception, neo-banks have attracted large customer bases and significant venture capital backing. Their approach to the business of banking is markedly different than traditional financial institutions, and some are rightfully wary of the threat they represent. Still, neo-banks themselves face numerous challenges regulatory, financial, and otherwise. Mercator A

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